NantHealth raised $135M from Kuwait, two others

By Aditi Pai
05:58 am

Dr Patrick Soon-ShiongNantHealth raised $135 million from three investors, according to an SEC filing. The amount almost certainly includes the $100 million NantHealth raised last month from the Kuwait Investment Authority (KIA), that country's sovereign investment fund, as well as the investment Blackberry contributed in April 2014. The SEC filing notes that there were three investors in the round. This latest round brings NantHealth's total announced funding to about $166 million.

NantHealth offers a cloud-based, clinical decision support platform used by at least 250 hospitals, according to the company. Nant offers a range of services, including a population health platform and a suite of products built to provide a learning system for the treatment of cancer.

The investment from KIA will be used to "accelerate innovation" NantHealth noted in a release.

"We believe that evidence-based, molecularly driven medicine will be the cornerstone of future health care delivery," said Dr. Patrick Soon-Shiong, founder and CEO of NantHealth. "Delivery of 21st century, genomically informed care must be shared with the world. Partnering with KIA gives us the global scale to succeed in enhancing patient outcomes and better access to care through secure cloud-based, broadband networks."

BlackBerry and NantHealth also didn't release specific details about their collaboration, but the companies noted in April that they saw opportunities to leverage BlackBerry’s QNX operating system for connect medical devices; to offer BBM Protected to healthcare providers as a secure messaging service; and to integrate NantHealth’s clinical operating system platform with BlackBerry’s offerings.

NantHealth is something of a rollup since it includes a number of acquisitions over the years, like medication adherence offering Vitality GlowCaps and the home health technology provider Boston Life Labs. Nant Health also invested $8 million in Fluential, in November 2013, a stealthy but longstanding company working on “of speech optimization and deep language understanding tools for mobile devices, wearables and consumer ‘personal assistant’ applications,”


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